Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
WHEAT (MINI) Dec 2023 (CBOT:XW.Z23)
Sidelines Mode (-55) - XW.Z23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XW.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XW.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XW.Z23
The long-term trend has been DOWN since Dec 9th, 2022 at 835.125
The intermediate-term trend has been DOWN since Apr 13th, 2023 at 701.625
The short-term trend has been UP since Jun 1st, 2023 at 647.000
Smart Scan Analysis for XW.Z23
Based on our trend formula, XW.Z23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).